Price is trading in a Downtrend and is currently trading in a Daily falling wedge.
Checking out the RSI Indicator, we can see a bullish divergence.
If Daily candle closes above the falling wedge, plus the red box, the resistance of 0.606, we can expect a trend reversal in AUDCHF.
A Long SWING TRADE can be initiated:-
1. Either on breakout
2. or on Retest of falling wedge after the breakout.
In case the daily candle closes back inside the wedge, the trade setup gets invalidated.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Checking out the RSI Indicator, we can see a bullish divergence.
If Daily candle closes above the falling wedge, plus the red box, the resistance of 0.606, we can expect a trend reversal in AUDCHF.
A Long SWING TRADE can be initiated:-
1. Either on breakout
2. or on Retest of falling wedge after the breakout.
In case the daily candle closes back inside the wedge, the trade setup gets invalidated.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。